Author Topic: New Browsenotes file -- what's inside?  (Read 3138 times)

brycemason

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New Browsenotes file -- what's inside?
« on: November 29, 2012, 11:01:40 AM »
Anyone had a chance to assess the changes to the file? What's new? What's removed? Do all the changes persist to the historical file as well?

Peter

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Re: New Browsenotes file -- what's inside?
« Reply #1 on: November 29, 2012, 11:55:48 AM »
I have a call in to Lending Club to find out the details. I think it pretty lame to make a change like this and provide no explanation. I will see if I can get to the bottom of this. I can see that nothing has been taken away from the Browse Notes files and the following fields have been added:
pub_rec_bankruptcies, g044, chargeoff_within_12_mths, collections_12_mths_ex_med, tax_liens, s062

I can confirm that no changes have been made to the historical file.
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brycemason

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Re: New Browsenotes file -- what's inside?
« Reply #2 on: November 29, 2012, 12:39:41 PM »
Peter,

Thanks for the work! Press LC again on the issue that these additional fields are of little use if we do not have any way to assess their worth via the historical file. =D

Bryce

SarahV

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Re: New Browsenotes file -- what's inside?
« Reply #3 on: November 29, 2012, 12:49:27 PM »
On the loan information page, it now has an item: Months Since Last Major Derogatory

Was this changed at the same time? Maybe related... ?

Peter

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Re: New Browsenotes file -- what's inside?
« Reply #4 on: November 29, 2012, 09:48:30 PM »
Just had this in an email from LC this afternoon:



I have heard from another source that the motivation behind these changes was because of requests from some large institutional investors. They have this data in their credit models and wanted it included at LC. No word on inclusion in their historical file. I guess these investors are working from their own historical files.
« Last Edit: November 29, 2012, 09:50:15 PM by Peter »
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faeriering

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Re: New Browsenotes file -- what's inside?
« Reply #5 on: November 30, 2012, 09:13:47 PM »
more data is better. . . . how nice that they are quickly providing the data the institutional investors are asking for.   Wish they would provide more data in the historical database for the rest of us to do broader analysis with.

sorry about the above bitterness. . . I just have a bad feeling about this.